Pink diamonds are beautiful gemstones for elegant accessories, particularly engagement rings and diamond pendants. Not only are they far less common than standard white or colorless diamonds, but they also provide a welcome and unique pop of color. This can help you create a completely different and eye-catching look wherever you go.

Pink diamonds are also some of the most sought-after gemstones in the world. Their beautiful color and spectacular beauty make them valuable and coveted by collectors and jewelry lovers alike.

But if you’ve never owned a pink diamond before, you probably have a lot of questions. For example, are there pink diamonds in the natural world? What makes a pink diamond? Finally, are pink diamonds more expensive than diamonds of other colors?

In today’s guide, we will explore everything you need to know about pink diamonds, including how they are formed, where they are found, and their unique characteristics. We will also delve into the best place to buy pink diamond engagement rings and jewelry. So, let’s get started!

What Are Pink Diamonds?

As the name implies, pink diamonds are characterized by their pink coloration. They are formed when a diamond crystal is exposed to intense pressure and heat, and trace elements like nitrogen, hydrogen, and boron interact with the diamond's carbon atoms, causing the pink hue.

Pink diamonds are prized because of their scarcity, as only a very small percentage of mined diamonds are actually pink. They are found in just a few locations around the world, including the Argyle mine in Western Australia, which has been known for producing some of the most valuable pink diamonds in the world.

Pink diamonds are graded based on the intensity of color, with the most vivid and intense pink diamonds being the most valuable. They are often used in high-end jewelry and can command very high prices at jewelry stores, auctions, and even private sales.

Are Pink Diamonds Real?

Yes, pink diamonds are real. They are natural diamonds that are formed in the earth under extreme conditions of pressure and heat, just like other diamonds. They are highly sought after for their unique and beautiful color, and their rarity makes them a popular choice for high-end jewelry and investment purposes. However, because of their rarity, they are often subject to fraud and misrepresentation, so it's important to purchase pink diamonds from reputable sources and ensure that they have been properly authenticated and certified.

It’s important to note that not all pink diamonds are real. Some diamonds can be given synthetic pink coloration. Moreover, untrustworthy sellers may use moissanite or a similar diamond look-alike that has been artificially colored to seem like a pink diamond. This is why you should always ask for official certification before you make a purchase.

Where Are Pink Diamonds Found?

Pink diamonds are found in only a few locations around the world, with the majority mined in Australia. Up until very recently, the Argyle mine in Western Australia was one of the most important sources of pink diamonds, accounting for over 90% of the world's supply. However, the Argyle mine closed in 2021, cutting off the world’s largest source of pink diamonds.

Other locations where pink diamonds have been found include Brazil, Russia, South Africa, Tanzania, and Canada. However, the quantity of pink diamonds from these locations is relatively limited compared to those found previously found in Australia. This dramatic shift has only accelerated their rarity and high prices.

Are Pink Diamonds Rare?

Pink diamonds are extremely rare. Only a very small percentage of diamonds mined exhibit this color, with some estimates suggesting that less than 0.01% of diamonds are naturally pink. The rarity of pink diamonds is due to the unique conditions required for their formation. Furthermore, pink diamonds can vary in intensity of color, with the most vivid and saturated hues being valued the most.

Famous Pink Diamonds

There are several famous pink diamonds that have captured the world's attention due to their size, beauty, and historical significance. Here are a few of the most well-known pink diamonds in the world:

• The Pink Star - The Pink Star diamond is one of the largest and most valuable pink diamonds ever discovered, weighing 59.60 carats. It was sold for a record-breaking $71.2 million in 2017.
• The Graff Pink - The Graff Pink diamond is a 24.78-carat pink gemstone that was once owned by Harry Winston before being sold to Laurence Graff in 2010 for $46 million.
• The Martian Pink - The Martian Pink diamond is a 12.04-carat pink diamond that was discovered in the 1990s and was later sold at auction for over $17 million.
• The Perfect Pink - The Perfect Pink diamond is 14.23 carats and was sold at auction for $23.2 million.
• The Princie Diamond - Lastly, the Princie Diamond is a 34.65-carat pink diamond that was once owned by the royal family of Hyderabad in India. It was sold at auction for $39.3 million in 2013.

Are Pink Diamonds More Expensive?

Yes, pink diamonds are generally more expensive than other diamonds of similar size and clarity. That said, the cost of pink diamonds can vary widely depending on their quality, size, and color tone. Nonetheless, pink diamonds are among the rarest diamonds in the world, and as a result, they can be quite expensive.

In general, smaller pink diamonds (less than 0.5 carats) can cost anywhere from a few thousand to tens of thousands of dollars. Larger pink diamonds (over 1 carat) can cost tens of thousands of dollars, while some of the biggest pink diamonds in the world (over 5 carats) could cost hundreds of thousands or even millions of dollars, depending on their quality and rarity.

The intensity of the pink color also plays a significant role in determining the price of a pink diamond. The stronger and more vivid the pink color, the more valuable the diamond will be. Pink diamonds are often seen as a long-term investment due to their rarity and potential for appreciation.

Pink Diamond Engagement Rings

Pink diamond engagement rings are a popular choice for those who want a unique and romantic alternative to traditional white diamonds. When choosing a pink diamond engagement ring, it's important to consider the quality and intensity of the color, as well as the clarity of the diamond. The cut of the diamond is also important, as it can affect the overall appearance and brilliance of the stone.

Pink diamonds can be set in a variety of styles, from classic solitaire settings to more intricate and unique designs. Rose gold is a popular choice for pink diamond engagement ring bands, as it complements the warm tones of pink diamonds. Other popular metal choices include platinum and white gold.

It's important to purchase a pink diamond engagement ring from a reputable and trustworthy source, and to ensure that the diamond is properly certified and authenticated. With their rarity and beauty, pink diamond engagement rings are a unique and special way to symbolize love and commitment. Fortunately, Liori Diamonds offers beautiful, certified pink diamond engagement rings at affordable prices.

We hope you found this guide on pink diamonds both useful and informative! Are you in the market for an engagement ring? Do you want beautiful, certified diamond engagement rings at competitive prices? If so, be sure to check out the luxurious products available at Liori Diamonds today!